Jan 05 SSSSS This past week in gold Jack Chan

This past week in gold

Jack Chan
Posted Jan 5, 2015

GLD – on sell signal.

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SLV – on sell signal.
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GDX – on sell signal.
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XGD.TO – on sell signal.
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CEF – on sell signal.

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A multi month consolidation is in progress.
Summary
Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on sell signals.
Gold sector cycle – up as of 11/14.
COT data suggests lower metal prices overall going forward.
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Jan 3, 2015
Jack Chan